877 E Cottonwood Rd Palm Springs, CA 92262

$735,000 Sold Price as of 10/29/2020

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$735,000 Sold Price as of 10/29/2020 Refinance Your Mortgage

Map preview of 877 E Cottonwood Rd, Palm Springs, CA 92262

Property Overview: 877 E Cottonwood Rd Palm Springs, CA has -- bedrooms, -- bathrooms, -- living square feet and 10,890 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

877 E Cottonwood Rd is currently an off market home in the city of Palm Springs. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Palm Springs has a median list price of $718,000. The median price per/sqft for Palm Springs is $458. With those numbers in mind, if you are looking to purchase a median priced home in Palm Springs, CA and put 20% down you will need to save up $143,600 for the down payment and will need roughly $14,360 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Palm Springs the commission could be as much as $29,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 877 E Cottonwood Rd

Last sold for $735,000 on October 29th, 2020

October, 2020
Oct 30, 2020

Date

Sold

CRMLS: 219045452PS

$735,000

Price
Jul 20, 2020

Date

Pending

CRMLS: 219045452PS

$754,900

Price
Jul 3, 2020

Date

Active

CRMLS: 219045452PS

$754,900

Price
Listing provided courtesy of CRMLS

Cottonwood Club! Turnkey Gated Residential 4-Plex: Newly remodeled, affordable upscale modern designed complex. Amenities include a Full-size pool, large social and BBQ area with a shaded gazebo, and 2 private patios make for a great place to enjoy Palm Springs living. Located in a safe neighborhood with strong rental demand and close to all needed conveniences for day to living. Stores, schools, shops, parks, restaurants, downtown, freeway, airport, golf, tennis, hiking and more. This property is Cash-Flow Positive from Day 1 and perfect for the following types of ownership. A - Owner occupied operator or with professional management. B - Positive cash flow investment with upside value. C - Income-producing addition to personal investment portfolio or REIT. Good ROI, Cash on Cash Return, Cap Rate, NOI and Increased Valuation. Mix: 2 bed / 2 bath, 2 bed / 1 bath and two studio apartments.

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October, 2020
Oct 29, 2020

Date

Sold (Public Records)

Public Records

$735,000

Price
June, 2020
Jun 11, 2020

Date

Leased

CRMLS: 219041548PS

$1,000

Price
May 6, 2020

Date

Pending

CRMLS: 219041548PS

$1,100

Price
Apr 4, 2020

Date

Active

CRMLS: 219041548PS

$1,100

Price
Listing provided courtesy of CRMLS

Utilities Included!! Updated/upgraded studio apartment with private back patio. Charming 4-unit gated complex. Free onsite laundry. Unit faces South with a shady breezeway looking out to pool. Rent $1100, security deposit $500 with 660+ FICO. 1 small pet to be considered with prior approval. Please present pet breed and weight. Additional pet deposit will apply. Utilities included are electric and gas. Water, trash, landscape and pool maintenance also included in rent. Renter's Insurance is required. Please present certificate prior to occupancy. Building is also for sale. Overview of the modifications and updates recently performed ending in February 2020. The overall condition of the building's mechanical systems and features were maintained properly over the years. Everything is currently in good to excellent condition inside and outside and working properly. Recent updates include landscaping, complete interior, and exterior finishes, new flooring, lighting, water fixtures and paint throughout the complex. The property has passed all city and county inspections including CO2 / smoke detectors, laundry room, the pool and function of its equipment within the past 12 months.

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March, 2020
Mar 24, 2020

Date

Leased

CRMLS: 219039485PS

$1,100

Price
Mar 13, 2020

Date

Pending

CRMLS: 219039485PS

$1,100

Price
Mar 8, 2020

Date

Active

CRMLS: 219039485PS

$1,100

Price
Mar 5, 2020

Date

Pending

CRMLS: 219039485PS

$1,100

Price
Feb 22, 2020

Date

Active

CRMLS: 219039485PS

$1,100

Price
Listing provided courtesy of CRMLS

Utilities Included!! Updated/upgraded studio apartment with private back patio. Charming 4-unit gated complex. Free onsite laundry. Unit faces South with a shady breezeway looking out to pool. Rent $1100, security deposit $500 with 660+ FICO. 1 small pet to be considered with prior approval. Please present pet breed and weight. Additional pet deposit will apply. Utilities included are electric and gas. Water, trash, landscape and pool maintenance also included in rent. Renter's Insurance is required. Please present certificate prior to occupancy.

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February, 2020
Feb 22, 2020

Date

Leased

CRMLS: 219039392PS

$1,050

Price
Feb 21, 2020

Date

Active

CRMLS: 219039392PS

$1,100

Price
Listing provided courtesy of CRMLS

Utilities Included!! Updated/upgraded studio apartment with private back patio. Charming 4-unit gated complex. Free onsite laundry. Unit faces South with a shady breezeway looking out to pool. Rent $1100, security deposit $500 with 660+ FICO. 1 small pet to be considered with prior approval. Please present pet breed and weight. Additional pet deposit will apply. Utilities included are electric and gas. Water, trash, landscape and pool maintenance also included in rent. Renter's Insurance is required. Please present certificate prior to occupancy.

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February, 2020
Feb 16, 2020

Date

Leased

CRMLS: 219038166PS

$1,400

Price
Feb 8, 2020

Date

Pending

CRMLS: 219038166PS

$1,400

Price
Feb 3, 2020

Date

Active

CRMLS: 219038166PS

$1,400

Price
Listing provided courtesy of CRMLS

Utilities Included!! Updated/upgraded 2 bed / 2 bath apartment with private back patio. Charming 4-unit gated complex. Free onsite laundry. Unit faces South with a shady breezeway looking out to pool. Rent $1400, security deposit $500 with 660+ FICO. 1 small pet to be considered with prior approval. Please present pet breed and weight. Additional pet deposit will apply. Utilities included are electric and gas. Water, trash, landscape and pool maintenance also included in rent. Renter's Insurance is required. Please present certificate prior to occupancy.

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August, 2019
Aug 9, 2019

Date

Sold

CRMLS: 19440252PS

$519,000

Price
Aug 5, 2019

Date

Pending

CRMLS: 19440252PS

$519,000

Price
Apr 23, 2019

Date

Active Under Contract

CRMLS: 19440252PS

$519,000

Price
Apr 11, 2019

Date

Price Change

CRMLS: 19440252PS

$519,000

Price
Mar 5, 2019

Date

Active

CRMLS: 19440252PS

$539,000

Price
Listing provided courtesy of CRMLS

Beautifully maintain 4 units in great location. Great unit mix and great opportunity for upside in rents. Wonderful secured pool area with lovely cabana to entertain. Long term owner has self managed and cared for this one in all details. Make offers " Subject to Interior Inspection" please.

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August, 2019
Aug 8, 2019

Date

Sold (Public Records)

Public Records

$519,000

Price

Tax History for 877 E Cottonwood Rd

Assessed Value (2020): $519,000

Year	Land Value	Improved Value	Assessed Value
2020	$120,000	$399,000	$519,000

About 877 E Cottonwood Rd

Detailed summary of property

877 E Cottonwood Rd is categorized with a use code of Apartment House (5+ Units) in Palm Springs, CA 92262 and last sold on October 29, 2020 for $735,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 10,890 square foot lot. Homes in Palm Springs are selling for a median price of $590,000 and a median price per square foot of $412. Based on Ardent Real Estate Group's Palm Springs Market Data, this home is sold 24.58% higher than the current median priced home. 877 E Cottonwood Rd was last sold on October 29, 2020 for $735,000. Local nearby listings include 20858 Bakal Dr, 7061 Newbury Ave and 7012 Newbury Ave. The average home in Palm Springs, CA is selling in 130 days. There are currently 769 homes for sale in the Palm Springs real estate market and 397 of them are single family homes while 358 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 877 E Cottonwood Rd Palm Springs, CA 92262 contact Ardent Real Estate Group and we will put you in touch with one of our Palm Springs agents.

Public Facts for 877 E Cottonwood Rd

Public county record property details

Beds: --
Baths: --
Year built: 1974
Sq. Ft.: --
Lot Size: 10,890
Stories: 1

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Riverside
Lot#: 9
APN: 507-042-008

The source for these homes facts are from public records.

92262 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$785,000

Median List Price/Sq.Ft.

$472

Median Sold Price

$637,500

Median Sold Price/Sq.Ft.

$445

Total Inventory

468

Median Sale to List Price %

98.84%

Avg Days on Market

Loan Type

Conventional (26.92%), FHA (1.92%), VA (0%), Cash (38.46%), Other (5.77%)

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Call, Text or Message

(714) 706-1823

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